Nigeria: Fixing Nigeria’s Dilapidated Oil Pipelines

Chineme Okafor reviews a new report that revealed that Nigeria’s petroleum products pipelines are in a state of disrepair and need to be fixed or replaced The outcome of a study commissioned by the Nigerian National Petroleum Corporation (NNPC) to determine the operational status of the country’s network of petroleum products pipeline it manages and how it can become commercially viable to the country was recently obtained by THISDAY. The report indicated that the lines are mostly broken-down and would need to be replaced or fixed with $12 billion and $1.1 billion respectively. Initiated to amongst other objectives, come up with an intervention plan to transform government-owned downstream oil pipelines into a proper business with incentives to attract private sector participation, the study showed there was an urgent need to refurbish and get Nigeria’s oil pipelines to work economically and optimally. Current Condition of NNPC’s Pipelines The outcome of […]